Ethereum Price Analysis: ETH/USD bulls re-emerge forcing Ether past the psychological $170

Ethereum Price Analysis: ETH/USD bulls re-emerge forcing Ether past the psychological $170

Ethereum struggles to maintain a bullish front on Saturday despite the correction from $174 (recent high). The 50 SMA in the 1-hour timeframe is positioned to offer initial support aided by the ascending trendline. Ethereum is struggling to reverse the effects of the bearish pressure felt on Saturday during both the Asian and the European sessions.